Oklo Inc. (NYSE:OKLO) Given Average Rating of “Moderate Buy” by Analysts

Oklo Inc. (NYSE:OKLO) has been given an average rating of “Moderate Buy” by the four ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $22.33.

A number of research analysts have recently weighed in on the company. Wedbush assumed coverage on Oklo in a research report on Thursday, December 19th. They set an “outperform” rating and a $26.00 price objective for the company. Citigroup lifted their price objective on shares of Oklo from $10.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th.

Insider Buying and Selling at Oklo

In other news, CEO Jacob Dewitte sold 230,569 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $21.61, for a total value of $4,982,596.09. Following the completion of the transaction, the chief executive officer now directly owns 12,543,085 shares in the company, valued at $271,056,066.85. This trade represents a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard Kinzley bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average price of $19.95 per share, for a total transaction of $99,750.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at $99,750. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 21.80% of the stock is currently owned by company insiders.

Institutional Trading of Oklo

A number of hedge funds and other institutional investors have recently made changes to their positions in OKLO. Portland Investment Counsel Inc. purchased a new position in Oklo during the third quarter valued at approximately $6,493,000. HITE Hedge Asset Management LLC purchased a new position in shares of Oklo during the 3rd quarter valued at approximately $19,753,000. State Street Corp purchased a new position in shares of Oklo during the 3rd quarter valued at approximately $2,889,000. DRW Securities LLC acquired a new position in shares of Oklo in the 3rd quarter valued at $404,000. Finally, Geode Capital Management LLC purchased a new stake in Oklo during the third quarter worth $5,971,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

Oklo Stock Performance

OKLO opened at $26.09 on Monday. The firm’s fifty day moving average is $22.48 and its 200 day moving average is $14.64. Oklo has a fifty-two week low of $5.35 and a fifty-two week high of $31.91.

Oklo Company Profile

Oklo Inc designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.